Hotel/Condo Development Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30733764 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail, Vacation/Resort
|
| Gross Land Area: |
2.95 Acres
|
| Sale Price: |
$5,000,000 |
| Unit Price: |
$1,694,915 Per Acre |
| Sale Terms: |
Purchase Money Mortgage, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/25/2021 |
Overview / Comments
|
Priceless location, 2 blocks from historic Taos Plaza, this C1 commercial property has been previously approved for hotel/condo development up to 52 units.Pre-paid utilities and infrastrucutre included in asking price. Includes small structure in rear of property at 122 Las Cruces Lane currently as a multi-family rental. Dual access from Kit Carson Road and Las Cruces for easy access. This is an irreplaceable property!
|
Additional Details
| Nearest MSA: |
Taos |
| County: |
Taos |
| Tax ID/APN: |
1074148497324 |
| Zoning: |
C1 |
| Property Located Between: |
Las Cruces and Birch Streets |
| Property Visibility: |
Excellent |
| Legal Description: |
Sec17/T25N/Range13E- Part of Tract 13, Map 19, Survey 2, tract !, Quad 1=1.547 acre. Part of Tract 17, Map 19, Survey 2, tract 14, map 19, survey 2, lot 2, quad 1 =.404 acre. Part of tract 14, map 19, survey 2, lot 1, quad 1 =.996 acre. |
| Largest Nearby Street: |
Kit Carson Road/US 64 |
| Feet of Frontage: |
800 |
| Traffic/Vehicle Count: |
15,000 |
| Highway Access: |
US 64 |
| Airports: |
Taos Municipal Airport |
| Site Description: |
Cleared acreage ready for development. Utilities on site. Small old adobe home at back of lot. Town sewer, water. |
| Area Description: |
2 blocks off of HistoricTaos Plaza, convenient to shopping, dining, galleries, and trails. Luxury resort just a few blocks east, further from Plaza. Bustling Taos, New Mexico is growing! |
| Zoning Description: |
Commercial |
| Topography: |
Level |
| Easements: |
Water Rights |
| Soil Type: |
Mixed |
| Available Utilities: |
Electric, Water, Gas, Sewer, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,004 |
8,256 |
8,256 |
| Median Age: |
47.85 |
44 |
44 |
| Households: |
1,534 |
3,866 |
3,866 |
|
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